Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including:

1)  Money lessons from the Golden Calf, Vanderbilts, And Touro Synagogue

2)  Quote from Warren Buffet on leaving money to kids.

3)  What is the S&P 500 and Dow Jones industrial average and why should I care?

4)  With inflation projected to be 10% annually, how do you recommend growing one’s money above inflation without using bitcoin?

5)  I’m 42 years old and just got laid off. I have about three months in an emergency fund and will receive 6 months of severance. What’s my next financial move?

6)  I’m getting married a bit later than most of my friends. My fiancée happens to come from an exceptionally wealthy family. Her dad is eager to pay all our living expenses and then some. Should I take his money?

7)  Can I retire on the just the dividend income from holding one position, namely the S&P 500 ETFs and that’s it?

8)  What are your thoughts on "fund of funds?"

9)  Do you use chatGPT to write your articles?

10) I can pay an advisor 1% of my portfolio to help me or I can keep that 1% and do it myself and will be 1% ahead compounded over time. What am I missing?

11) I’m looking for a financial advisor but everyone I had spoken to charges a percentage of assets under management. This is an absurd business model. Why don’t more advisors charge a normal hourly fee like a lawyer?

12) A lot of people that manage their own money say I should work exclusively with Vanguard. Why is that?

Stay connected:

1) Questions? Comments? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars  

4) WATCH my daily financial planning videos: Instagram | X | YouTube | LinkedIn  

Hosted on Acast. See acast.com/privacy for more information.

This week, join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics.

Today, we will discuss will “Estate Planning for U.S. Clients who own assets and/or have descendants in other countries (with a special focus on Israel)” Avi Z. Kestenbaum, Esq., LLM, Partner, Meltzer, Lippe, Goldstein & Breitstone, LLP.

Today’s show will cover the importance of Estate Planning for U.S. persons who have assets or descendants in other countries, with a special focus on Israel. We will cover.

o  Tax and estate issues with owning apartments and properties in Israel and other countries

o  U.S. trusts that have Israeli or foreign grantors, trustees or beneficiaries

o  Foreign trusts that have U.S. beneficiaries or own U.S. assets

o  Cross-border probate and estate issues

o  Tax, compliance, and reporting issues with owning bank accounts and assets in Israel and other countries

o  U.S. Gift and Estate Tax issues for foreigners

Stay connected:

1) Questions? Comments? Media Inquiries? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars 

4) Click to follow/connect: Instagram | X | YouTube | LinkedIn  

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including:

1.   Why the most important financial decision most people will make is who they decide to marry.

2.   This week’s money quote from Chris Rock about wealth

3.   What would be the pros and cons of purchasing equal weighted amounts of the 11 stock market sectors and rebalancing your portfolio each year rather than just indexing the total market or the S&P 500?

4.   I just earned 57% on a real estate deal. I invested 50k and made 20k in 3 years. If I can get one of these homerun deals every so often even with a few duds along the way (which is pretty much guaranteed) why on god's green earth would I ever invest in the market?

5.   I’m 38 years old and should be a millionaire in a few years. Once I become a millionaire can I retire?

6.   I can buy the cheapest house in a super upscale neighborhood or the nicest house in a more modest neighborhood. The way I see it there are pros and cons to both. What are your thoughts?

7.   Are annuities a good investment?

8.   There are many ways to invest in real estate. Can you quickly go through them and what you would recommend?

9.   I live in a low cost and low tax state. We just went on vacation in an expensive and high tax state and loved the amenities and natural beauty. Is it unwise to give up such a cheap and financially manageable cost of living to move to an expensive state?

10. I just read that illegal migrants are getting more in benefits than folks on SNAP. It seems like the system is set up to reward those who don’t play by the rules. What are your thoughts?

11. I don’t have much money to contribute to retirement at this present time and whatever money you would be contributing is not allowed by a scholarship committee. Is there a legal way to contribute to a retirement plan not in your name (for example a parent) which could make you the custodian at a later date?

12. I have 150k in an investment account. Should I liquidate it to build a pool?

Stay connected:

1) Questions? Comments? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars  

4) WATCH my daily financial planning videos: Instagram | X | YouTube | LinkedIn  

Hosted on Acast. See acast.com/privacy for more information.

This week, join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics.

Today, we will discuss will “CRTs as “Stretch IRA” Substitutes” featuring Evan Unzelman, Chief Executive Officer of CRT Experts LLC based in Leesburg, Virginia.

Today’s show will cover how without proper planning, the SECURE Act requires heirs to withdraw and pay tax on an inherited IRA within ten years. If implemented correctly, designating a charitable remainder trust or CRT, as the beneficiary of an existing IRA creates more lifetime spendable income for heirs, reduces income taxes during the crucial ten years following the client’s death, and maximizes overall family wealth. We will discuss how it works, which clients benefit most, and how the planning is implemented.

Stay connected:

1) Questions? Comments? Media Inquiries? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars 

4) Click to follow/connect: Instagram | X | YouTube | LinkedIn  

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President and CIO of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including:

1) Solving the College Tuition Puzzle Is Only Getting Harder

2) Quote from Howard Marks on horse racing

3) I’m 67 years old and just sold my house in Brooklyn for $2.5 million. What do I do with the cash?

4) I came into an 8 figure sum of money. My wife and I told no one. Who do you recommend we disclose this to?

5) 50% of my assets are in real estate, 30% in cash, 20% in equities. Am I adequately diversified?

6) I’m a doc in a pretty intense job. I don't think I will be able to work to a traditional retirement age. What should I do financially to prepare to retire by 50?

7) What's the best way to start a hedge fund?

8) What’s your advice if the market crashes in 2024?

9) If one has the cash flow to max out their retirement accounts, is there ever any reason not to?

10) I forgot to send my 1099 to my accountant and the IRS is penalizing me for not paying my full tax bill. Can I get this penalty covered by my CPA or financial advisor for negligence?

11) My advisor switched firms and the new guy who took over the account is telling me my account has been mismanaged. Should I stay behind with the new advisor or move with my old one?

12) I’m a dentist with a pretty successful practice. I want to set up a retirement plan, but it seems costly and burdensome. Is it a bad decision to not set one up?

Stay connected:

1) Questions? Comments? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars  

4) WATCH my daily financial planning videos: Instagram | X | YouTube | LinkedIn  

Hosted on Acast. See acast.com/privacy for more information.

This week, join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics.

Today, we will discuss will “Spousal Lifetime Access Trusts for Mass Affluent ($1-10M) taxpayers” Martin Shenkman, Founder of Shenkman Law in New York.

Today’s show is on Spousal lifetime access trusts or “SLATs”, which are one of the most common and popular planning tools for clients to use their exemption, especially before the exemption amount is cut in half in 2026. But SLATs are not only for clients worth $10-$50+ million seeking to use exemption, the SLAT technique can be adapted to be a valuable planning tool for the mass affluent client worth $2-10 million. This discussion will cover how to modify SLAT planning and capture benefits for this large group of clients. It will focus on practical income tax, estate planning, and asset protection planning benefits.

Stay connected:

1) Questions? Comments? Media Inquiries? Reach out to [email protected]

2) Signup for my monthly newsletter here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars 

4) Click to follow/connect: Instagram | X | YouTube | LinkedIn  

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President and CIO of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including:

1)   Is Spending Yeshiva Break In Florida Financially Prudent?

2)   Quote from investment industry legend, and founder of Vangaurd, Jack Bogle

3)   I live in Houston and renting is super cheap relative to buying. Should I rent forever?

4)   I’m ready to retire. My wife does not want to retire. She loves her job. Do couples typically retire at the same time? If I’m retired and my wife is not I feel like we will be living different lives.

5)   What are your thoughts on tackling a bucket list in retirement?

6)   It seems like the market has a major correction every so often. What’s the downside of accumulating cash and waiting to invest only during these frequent more crashes?

7)   Your videos are cute but super unprofessional. Aren’t you concerned about coming off as amateurish?

8)   Bitcoin ETF: How much should I invest in it? I know you will say nothing, but I’m a big believer in the asset class. What do you recommend?

9)   I can only afford to go away once a year. What is more impressive to go away for Succos, Yeshiva week, or pesach?

10) I’m really confident in a few tech stocks as long-term investments and don’t want to sell them. I know you think that owning so few stocks is not prudent. Yet, this is my plan. How do I minimize my risk without selling these stocks?

11) Are there any constants that come to mind with investing? It seems like the next hot thing is always changing. It would be nice to have some certainty.

12) I’m outpacing the benchmark with my investments. Why would I ever hire a financial advisor?

Stay connected:

1) Questions? Comments? Reach out to [email protected]

2) Signup for my monthly newsletter here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars  

4) Click to follow/connect: Instagram | X | YouTube | LinkedIn  

Hosted on Acast. See acast.com/privacy for more information.

This week, join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics.

Today, we will discuss “Use it or Lose it - Securing the use of the $13 Million+ Federal Estate, Gift and GST Tax Exemptions before Sunset” featuring Jay J. Scharf, Esq., LL.M, Partner, McDermott Will & Emery LLP and John S. Kiely, Esq. LLM, Counsel, McDermott Will & Emery LLP.

Today’s show will provide an overview of the federal estate, gift and generation-skipping transfer tax system and timely strategies to maximize the use of the exemptions. It will also discuss the current federal transfer tax landscape and legislative proposals, as well as cover important planning opportunities and reporting requirements that advisors to high-net-worth individuals and families must take into account.

Stay connected:

1) Questions? Comments? Reach out to [email protected]

2) Signup for my monthly newsletter here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars 

4) Click to follow/connect: Instagram | X | YouTube | LinkedIn  

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President and CIO of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including:

1)   Should I Pay For The Young Couple’s Shana Rishona In Israel

2)   Quote from musician, John Mayer, and wishing for less time

3)   My portfolio was down in 2023 when it seems like most areas of the market are up. What did I do wrong?

4)   How does a 457 plan compare to a 401k or 403b?

5)   I’m shopping around for a new advisor and I’d like references from the advisor's clients. One guy said he doesn’t disclose his clients while the other person gave me his “top client” to call. I’m inclined to go with the guy with references. Thoughts?

6)   Do you think having a diverse board of directors is essential for explosive stock market performance?

7)   My question is if I can retire in 5 years at 73? I have about 100k in investment accounts, 30k in cash, 15k of credit card debt, 600k mortgage on a house that's worth around 700k, I owe 30k on my two cars. I make 250k a year.

8)   What is your biggest financial regret of 2023?

9)   What are your personal finance resolutions for 2024?

10)  Has your view of money changed since you started working?

11)  I spent a lot of money around the holiday season. I can afford it, but feel super guilty about spending so much money during this time of year. There just doesn’t seem to be any good reason for it. Thoughts.

12)  What's the biggest financial risk in 2024?

Stay connected:

1) Questions? Comments? Reach out to [email protected]

2) Signup for my monthly newsletter here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars  

4) Click to follow/connect: Instagram | X | YouTube | LinkedIn  

Hosted on Acast. See acast.com/privacy for more information.

This week, join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics.

Today, we will discuss “Long Term Care Costs and Options at Varying Degrees of Wealth” featuring Elizabeth Forspan, Esq. Partner at Forspan Klear, LLP.

Today’s show will discuss various options for preparing your clients and loved ones for the high costs of long-term care as they age. Elizabeth will present this topic from the perspective of an attorney who has worked with clients through the wealth spectrum. The conversation will include a discussion on long term care insurance, private pay options, as well as Medicaid. Elizabeth will also discuss the tax issues involved in this planning.

Stay connected:

1) Questions? Comments? Reach out to [email protected]

2) Signup for my monthly newsletter here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars 

4) Click to follow/connect: Instagram | X | YouTube | LinkedIn  

Hosted on Acast. See acast.com/privacy for more information.